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Fnac Darty

ENXTPA:FNAC
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNAC
ENXTPA
€2B
Market Cap
  1. Home
  2. FR
  3. Retail
Company description

Fnac Darty SA operates as an omni-channel retailer in household appliances, electronics, and entertainment products in France-Switzerland, Iberian Peninsula, and Benelux. The last earnings update was 33 days ago. More info.


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FNAC Share Price and Events
7 Day Returns
6.4%
ENXTPA:FNAC
2.6%
FR Specialty Retail
1.3%
FR Market
1 Year Returns
-17.4%
ENXTPA:FNAC
-28.3%
FR Specialty Retail
3.6%
FR Market
FNAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fnac Darty (FNAC) 6.4% 14% 20.5% -17.4% 40% 113.5%
FR Specialty Retail 2.6% 4.6% 4.7% -28.3% 25.3% 62.8%
FR Market 1.3% 3.8% 14.3% 3.6% 28.9% 33.6%
1 Year Return vs Industry and Market
  • FNAC outperformed the Specialty Retail industry which returned -28.3% over the past year.
  • FNAC underperformed the Market in France which returned 3.6% over the past year.
Price Volatility
FNAC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Fnac Darty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fnac Darty to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fnac Darty.

ENXTPA:FNAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:FNAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.865 (1 + (1- 33%) (44.94%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.084 * 6.65%)
7.94%

Discounted Cash Flow Calculation for ENXTPA:FNAC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fnac Darty is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:FNAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.94%)
2019 164.21 Analyst x7 152.13
2020 185.23 Analyst x7 158.97
2021 205.52 Analyst x5 163.40
2022 220.92 Est @ 7.49% 162.72
2023 233.00 Est @ 5.47% 158.99
2024 242.43 Est @ 4.05% 153.25
2025 249.83 Est @ 3.05% 146.30
2026 255.71 Est @ 2.36% 138.73
2027 260.50 Est @ 1.87% 130.92
2028 264.48 Est @ 1.53% 123.14
Present value of next 10 years cash flows €1,488.56
ENXTPA:FNAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €264.48 × (1 + 0.73%) ÷ (7.94% – 0.73%)
€3,694.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,694.61 ÷ (1 + 7.94%)10
€1,720.23
ENXTPA:FNAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,488.56 + €1,720.23
€3,208.79
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,208.79 / 26.52
€120.99
ENXTPA:FNAC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €120.99
Current discount Discount to share price of €76.45
= -1 x (€76.45 - €120.99) / €120.99
36.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fnac Darty is available for.
Intrinsic value
37%
Share price is €76.45 vs Future cash flow value of €120.99
Current Discount Checks
For Fnac Darty to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fnac Darty's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fnac Darty's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fnac Darty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fnac Darty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:FNAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.59
ENXTPA:FNAC Share Price ** ENXTPA (2019-04-18) in EUR €76.45
France Specialty Retail Industry PE Ratio Median Figure of 7 Publicly-Listed Specialty Retail Companies 13.53x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fnac Darty.

ENXTPA:FNAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:FNAC Share Price ÷ EPS (both in EUR)

= 76.45 ÷ 5.59

13.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fnac Darty is overvalued based on earnings compared to the FR Specialty Retail industry average.
  • Fnac Darty is good value based on earnings compared to the France market.
Price based on expected Growth
Does Fnac Darty's expected growth come at a high price?
Raw Data
ENXTPA:FNAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
11%per year
Europe Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 1.33x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

ENXTPA:FNAC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.67x ÷ 11%

1.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fnac Darty is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fnac Darty's assets?
Raw Data
ENXTPA:FNAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €47.22
ENXTPA:FNAC Share Price * ENXTPA (2019-04-18) in EUR €76.45
France Specialty Retail Industry PB Ratio Median Figure of 10 Publicly-Listed Specialty Retail Companies 0.88x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.49x
ENXTPA:FNAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:FNAC Share Price ÷ Book Value per Share (both in EUR)

= 76.45 ÷ 47.22

1.62x

* Primary Listing of Fnac Darty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fnac Darty is overvalued based on assets compared to the FR Specialty Retail industry average.
X
Value checks
We assess Fnac Darty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Fnac Darty has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fnac Darty expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fnac Darty expected to grow at an attractive rate?
  • Fnac Darty's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Fnac Darty's earnings growth is positive but not above the France market average.
  • Fnac Darty's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:FNAC Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:FNAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 11%
ENXTPA:FNAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.1%
France Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:FNAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:FNAC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,738 1
2022-12-31 7,701 1
2021-12-31 7,817 347 210 5
2020-12-31 7,726 322 194 9
2019-12-31 7,617 301 176 9
ENXTPA:FNAC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 7,475 270 149
2018-09-30 7,453 148
2018-06-30 7,432 227 146
2018-03-31 7,440 241 135
2017-12-31 7,448 255 124
2017-09-30 7,231 251 100
2017-06-30 7,013 247 76
2017-03-31 6,191 243 50
2016-12-31 5,369 239 24
2016-06-30 3,683 156 25
2016-03-31 3,711 149 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fnac Darty's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • Fnac Darty's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:FNAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Fnac Darty Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:FNAC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 8.10 8.70 7.23 5.00
2020-12-31 7.37 8.27 6.40 9.00
2019-12-31 6.69 7.31 5.90 9.00
ENXTPA:FNAC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.59
2018-09-30 5.58
2018-06-30 5.50
2018-03-31 5.10
2017-12-31 4.70
2017-09-30 3.84
2017-06-30 2.97
2017-03-31 2.13
2016-12-31 1.11
2016-06-30 1.44
2016-03-31 2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fnac Darty is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fnac Darty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fnac Darty has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fnac Darty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fnac Darty's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fnac Darty has delivered over 20% year on year earnings growth in the past 5 years.
  • Fnac Darty's 1-year earnings growth is less than its 5-year average (20.1% vs 43.8%)
  • Fnac Darty's earnings growth has not exceeded the FR Specialty Retail industry average in the past year (20.1% vs 20.1%).
Earnings and Revenue History
Fnac Darty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fnac Darty Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:FNAC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,474.70 149.20 1,107.50
2018-09-30 7,453.45 148.15 1,537.15
2018-06-30 7,431.90 146.30 1,105.30
2018-03-31 7,440.05 135.25 1,100.45
2017-12-31 7,448.20 124.20 1,095.60
2017-09-30 7,230.70 100.25 1,076.55
2017-06-30 7,013.20 76.30 1,057.50
2017-03-31 6,191.20 49.90 922.20
2016-12-31 5,369.20 23.50 786.90
2016-06-30 3,682.60 24.50 533.40
2016-03-31 3,710.80 37.15 543.30
2015-12-31 3,739.00 49.80 553.20
2015-09-30 3,879.85 44.50 696.10
2015-06-30 3,883.90 41.20 693.80
2015-03-31 3,889.50 41.50 690.10
2014-12-31 3,895.10 41.80 686.40
2014-09-30 3,885.15 23.05 691.85
2014-06-30 3,875.20 4.30 697.30
2014-03-31 3,890.25 10.10 698.40
2013-12-31 3,905.30 15.90 699.50
2013-09-30 3,931.55 -29.40 706.70
2013-06-30 3,957.80 -74.70 713.90
2013-03-31 4,009.45 -95.15 721.75
2012-12-31 4,061.10 -115.60 729.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fnac Darty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fnac Darty used its assets less efficiently than the FR Specialty Retail industry average last year based on Return on Assets.
  • Fnac Darty's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fnac Darty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fnac Darty has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fnac Darty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fnac Darty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fnac Darty's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fnac Darty's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fnac Darty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fnac Darty Company Filings, last reported 3 months ago.

ENXTPA:FNAC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,261.00 911.20 932.80
2018-09-30 1,261.00 911.20 932.80
2018-06-30 1,130.30 913.90 518.50
2018-03-31 1,130.30 913.90 518.50
2017-12-31 1,103.00 861.00 797.20
2017-09-30 1,103.00 861.00 797.20
2017-06-30 938.60 861.60 382.20
2017-03-31 938.60 861.60 382.20
2016-12-31 1,049.40 863.10 681.70
2016-06-30 631.90 51.00 144.20
2016-03-31 631.90 51.00 144.20
2015-12-31 564.30 0.60 556.70
2015-09-30 564.30 0.60 556.70
2015-06-30 548.90 0.40 261.30
2015-03-31 548.90 0.40 261.30
2014-12-31 595.40 0.50 540.50
2014-09-30 595.40 0.50 540.50
2014-06-30 509.60 0.60 201.40
2014-03-31 509.60 0.60 201.40
2013-12-31 549.60 0.70 467.10
2013-09-30 549.60 0.70 467.10
2013-06-30 490.30 8.60 136.00
2013-03-31 490.30 8.60 136.00
2012-12-31 397.00 13.50 305.50
  • Fnac Darty's level of debt (72.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 72.3% today).
  • Debt is well covered by operating cash flow (29.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.7x coverage).
X
Financial health checks
We assess Fnac Darty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fnac Darty has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fnac Darty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fnac Darty dividends. Estimated to be 0% next year.
If you bought €2,000 of Fnac Darty shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fnac Darty's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fnac Darty's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:FNAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
France Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:FNAC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00
ENXTPA:FNAC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2015-02-27 0.000 0.000
2014-07-30 0.000 0.000
2014-04-24 0.000 0.000
2014-02-27 0.000 0.000
2013-08-02 0.000 0.000
2013-06-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fnac Darty has not reported any payouts.
  • Unable to verify if Fnac Darty's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fnac Darty's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fnac Darty has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Fnac Darty's dividends in 3 years as they are not expected to pay a notable one for France.
X
Income/ dividend checks
We assess Fnac Darty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fnac Darty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fnac Darty has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fnac Darty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Enrique Martinez
COMPENSATION €434,952
AGE 47
TENURE AS CEO 1.8 years
CEO Bio

Mr. Enrique Martinez has been the Chief Executive Officer at Fnac Darty SA since July 17, 2017. He began his career with Toys’R Us. In 1998, he joined Fnac Darty with the mission to establish and develop the brand in Portugal. He then held various positions within the Group between Spain and Portugal. In 2012, he was called to France to head the France and Northern Europe region (France, Belgium, Switzerland). In 19 years, Enrique Martinez has made a significant contribution to the growth of Fnac Darty. As of July 2016, he was entrusted with the task of integrating the Fnac and Darty banners in France, which resulted in the generation of the first synergies between the two brands in just a few months. He graduated from Valencia University (Spain) in economics. He held Positions as Chairman and Chief Executive Officer of Fnac Darty Participations et Services SA, Chairman and Chief Executive Officer of Fnac Paris, Chairman of Fnac Direct, Chairman of Fnac Jukebox, Director of Grandes Almacenes Fnac Espana, Director of Fnac Luxembourg and Director of Kesa International. His Offices and positions served over the past few years included Non-partner manager of Codirep, Chairman, Relais Fnac, Chairman of Fnac Périphérie, Chairman of Fnac Acces, Managing director and Chairman of Fnac Belgium, Director of Fnac Monaco, Chairman and member of the Board of Directors, Fnac Suisse, Director of SwissBillet, Director of Kesa France SA, Director of Kesa Sourcing Ltd, Director of Kesa Holdings Ltd and Director of Fnac Darty Asia Ltd. In 2004, he became a member of the Executive Committee as CEO of the Iberian region. Mr. Martinez holds a degree in Economics from the IESE Business School in Madrid.

CEO Compensation
  • Insufficient data for Enrique to compare compensation growth.
  • Enrique's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Fnac Darty management team in years:

4.7
Average Tenure
46.5
Average Age
  • The tenure for the Fnac Darty management team is about average.
Management Team

Enrique Martinez

TITLE
Chief Executive Officer
COMPENSATION
€435K
AGE
47
TENURE
1.8 yrs

Jean-Brieuc Le Tinier

TITLE
Group CFO & General Secretary
AGE
46

Olivier Theulle

TITLE
Director of Operations & Information Systems
AGE
49
TENURE
5.3 yrs

Stéphanie Constand-Atellian

TITLE
Director of Financing & Investor Relations
AGE
42
TENURE
2.2 yrs

Benjamin Perret

TITLE
Director of Communications & Public Affairs

Annabel Chaussat

TITLE
Director of Marketing & e-Commerce
TENURE
1.1 yrs

Frédérique Giavarini

TITLE
Group Human Resources Director
TENURE
5.3 yrs

Marcos Ruao

TITLE
Chief Executive Officer of Fnac Spain
TENURE
6.3 yrs

Claudi E. Silva

TITLE
CEO of Fnac Portugal & Southern Europe Area Director
TENURE
11.3 yrs

Charles-Henri de Maleissye

TITLE
Chief Executive Officer of Vanden Borre
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Fnac Darty board of directors in years:

3
Average Tenure
57
Average Age
  • The tenure for the Fnac Darty board of directors is about average.
Board of Directors

Jacques Veyrat

TITLE
Chairman of the Board
COMPENSATION
€130K
AGE
56
TENURE
1.8 yrs

Antoine Gosset-Grainville

TITLE
Vice Chairman of the Board
COMPENSATION
€27K
AGE
52
TENURE
1.3 yrs

Katia Hersard

TITLE
Chairman of France Billet
TENURE
2.8 yrs

Carole Ferrand

TITLE
Independent Director
COMPENSATION
€33K
AGE
48
TENURE
6.3 yrs

Brigitte Taittinger-Jouyet

TITLE
Independent Director
COMPENSATION
€23K
AGE
58
TENURE
6.3 yrs

Patricia Marie Barbizet

TITLE
Director
COMPENSATION
€27K
AGE
63

Nonce Paolini

TITLE
Independent Director
COMPENSATION
€31K
AGE
69
TENURE
6.3 yrs

Stéphane Roussel

TITLE
Director
COMPENSATION
€9K
AGE
57
TENURE
3.3 yrs

Simon Gillham

TITLE
Director
COMPENSATION
€8K
AGE
62

Sandra Lagumina

TITLE
Independent Director
AGE
51
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Fnac Darty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fnac Darty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should Fnac Darty (EPA:FNAC) Be Disappointed With Their 78% Profit?

For example, long term Fnac Darty SA (EPA:FNAC) shareholders have enjoyed a 78% share price rise over the last half decade, well in excess of the market return of around 27% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, Fnac Darty achieved compound earnings per share (EPS) growth of 42% per year.

Simply Wall St -

Fnac Darty SA (EPA:FNAC): A Look At Return On Capital

and want to better understand how you can grow your money by investing in Fnac Darty SA (EPA:FNAC). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Fnac Darty, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

What Are Analysts Saying About Fnac Darty SA's (EPA:FNAC) Future?

After Fnac Darty SA's (EPA:FNAC) earnings announcement in June 2018, … with profits predicted to increase by 21.71% next year,

Simply Wall St -

Calculating The Intrinsic Value Of Fnac Darty SA (EPA:FNAC)

I am going to run you through how I calculated the intrinsic value of Fnac Darty SA (EPA:FNAC). … by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF).

Simply Wall St -

Why Fnac Darty SA (EPA:FNAC) Could Be A Buy

Fnac Darty SA (EPA:FNAC), a specialty retail company based in France,. … A question to answer is whether Fnac Darty's current trading price of €81.2 reflective of the actual value of the? … Let’s take a look at Fnac Darty’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Expect Fnac Darty SA (EPA:FNAC) To Continue Delivering An ROE Of 11.29%?

and want a simplistic look at the return on Fnac Darty SA (EPA:FNAC) stock. … Fnac Darty SA (EPA:FNAC) delivered an ROE of 11.29% over the past 12 months, which is an impressive feat relative to its industry average of 3.98% during the same period. … If FNAC borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

Should You Be Tempted To Sell Fnac Darty SA (EPA:FNAC) At Its Current PE Ratio?

FNAC is priced at a multiple of 17.87x based on its prior year’s earnings,. … which is -134.01316673557267 lower than 24.13x average multiple of the Specialty Retail? … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

Will Fnac Darty SA's (ENXTPA:FNAC) Earnings Grow In The Next Couple Of Years?

In December 2017, Fnac Darty SA (ENXTPA:FNAC) announced its most recent earnings update, whicha … tailwind, more than doubling its earnings from the prior year.

Simply Wall St -

Should You Be Tempted To Buy Fnac Darty SA (EPA:FNAC) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for FNAC Price per share = €88.1 Earnings per share = €4.699 ∴ Price-Earnings Ratio = €88.1 ÷ €4.699 = 18.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with FNAC, then investors would naturally value FNAC at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with FNAC, investors would also value FNAC at a lower price since it is a lower growth investment.

Simply Wall St -

Company Info

Description

Fnac Darty SA operates as an omni-channel retailer in household appliances, electronics, and entertainment products in France-Switzerland, Iberian Peninsula, and Benelux. The company offers consumer electronics, including desktop computers, laptops, tablets, software, printers, e-readers, telephones, and office products and accessories, as well as connected products; cameras and photography accessories; televisions and video accessories, such as DVD players, Blu-Ray players, and other accessories; and audio items and accessories comprising MP3 players, headphones, docking stations, and related accessories. It also provides editorial products, such as hard copy and digital books, music, videos, and video games and consoles, as well as gadgets, T-shirts, musical instruments, and others. In addition, the company offers household appliances comprising refrigerators/freezers, cooking equipment, dishwashers, washing machines/dryers, vacuum cleaners, and body care and water/air treatment appliances; and other products and services, such as kitchen equipment, home and design products, games and toys, and stationery. Further, it provides services related to goods sold, such as the sale of extended warranties, after-sales service, and deliveries and installations; rental services for consumer electronics and delivery services; and ticketing and gift boxes. As of October 18, 2018, the company owned and franchised a network of 758 stores. The company was formerly known as Groupe Fnac société anonyme. Fnac Darty SA was founded in 1954 and is headquartered in Ivry-sur-Seine, France.

Details
Name: Fnac Darty SA
FNAC
Exchange: ENXTPA
Founded: 1954
€2,027,472,730
26,520,245
Website: http://www.fnacdarty.com
Address: Fnac Darty SA
9, rue des Bateaux-Lavoirs,
ZAC Port d’Ivry,
Ivry-sur-Seine,
Ile-de-France, 94200,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA FNAC Ordinary Shares Euronext Paris FR EUR 20. Jun 2013
OTCPK GRUP.F Ordinary Shares Pink Sheets LLC US USD 20. Jun 2013
DB 1FN Ordinary Shares Deutsche Boerse AG DE EUR 20. Jun 2013
LSE 0QSH Ordinary Shares London Stock Exchange GB EUR 20. Jun 2013
BATS-CHIXE FNACP Ordinary Shares BATS 'Chi-X Europe' GB EUR 20. Jun 2013
Number of employees
Current staff
Staff numbers
22,205
Fnac Darty employees.
Industry
Computer and Electronics Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:31
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/03/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.